Zheshang Securities

China’s ByteDance in race with US rivals to drive artificial general intelligence

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China’s ByteDance in race with US rivals to drive artificial general intelligence

Operating under the Beijing-based firm’s Doubao AI model team, Seed Edge will focus on “exploring innovative paths” to artificial general intelligence (AGI) – software with humanlike intelligence and the ability to self-teach, performing tasks that it was not necessarily trained for. “Seed Edge encourages exploration into long-term, uncertain and bold AI research topics,” ByteDance said … Read more

ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024

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ByteDance leads China’s Big Tech sector in capital spending with US billion for 2024

TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching the combined spending of rivals Baidu, Alibaba Group Holding and Tencent Holdings, according to new research. Beijing-based ByteDance, founded by Chinese entrepreneur Zhang Yiming, invested an estimated 80 billion yuan (US$11 billion) on capital expenditure … Read more